President Muhammadu Buhari has approved the dissolution of the Governing Boards of Federal Parastatals, Agencies and Institutions with effect from Thursday, July 16, 2015.
This was announced Thursday evening in a statement by the Special Adviser to the President on Media and Publicity, Femi Adesina and the dissolution takes effect immediately.
According to the statement “Until the boards are reconstituted, Chief Executive Officers of the affected parastatals, agencies and institutions are to refer all matters requiring the attention of their boards to the President, through the Permanent Secretaries of their supervising ministries."
The dissolution extends to all administrative or technical committees and other similar organs established by the now dissolved boards, according to the statement.
The dissolution however exempts Federal Executive Bodies listed in the 1999 Constitution of the Federal Republic of Nigeria
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